Last issue to be printed Friday
The Rocky Mountain News, a 150-year-old daily newspaper in Denver, will shut down operations and cease printing after tomorrow’s edition.
The paper has tried since December to find a buyer, but after that failed, owner EW Scripps decided it was time to bid farewell.
The long run
The Rocky Mountain News has been around longer than the Wall Street Journal, Washington Post and Los Angeles Times. It was established in 1859, before Colorado was even a state. Scripps has owned the paper since 1926.
The paper won several Pulitzer prizes and has had a “colorful” circulation war with the Denver Post for a century.
Hey, must be the money
The 255,000 circulation tabloid-format newspaper lost $16 million in 2008. RMN told employees about the closure this morning, but said they will continue to pay salaries through the end of April 28.
Scripps is still trying to sell the paper’s name, web site, archives and masthead.
No room for rivals
We may soon see a similar story coming out of Seattle. After a lengthy competition with The Seattle Times for readership, Hearst Corp. put the Seattle Post-Intelligencer up for sale in January. ... click here to read the rest of the article titled "Money Problems Cause Demise of Rocky Mountain News"
No comments:
Post a Comment